Daily Market Opinion for 25-Jul-2014

It was another bullish day for STI as it manages to propel towards its resistance of 3365 level. The opening of the day was greeted with a gap up opening which faces some selling pressure in the early trade. These profit takers were seen pushing the market to a low of 3342 level before the buyers entered the market again. The gains were gradual during the day but most of the strength came into the market closer to the end of the trading day. There was a last minute rush into the market which caused STI to close at the high of the day. STI ended at 3353.89 level, gaining 13.19pts. Last night, DJI was seen closing 2.83pts down. Will STI be able to sustain this bullish momentum today?

Another white candle was formed yesterday. This candle also formed lower shadow which ...